The first tanker loaded with Chadian crude oil embarked from the Cameroonian port of Kribi on October 5th, 2003. The landlocked Central African nation of Chad will receive around $2 billion over the lifetime of the oil fields developed by a consortium led by energy giant Exxon-Mobil. Through its financial backing of the project, the World Bank is putting to the test a new approach to an old African problem: the marriage of oil, embezzlement, and political corruption. Through a carefully orchestrated plan to impose transparency and good governance on the elected Chadian officials, the bank aims to ensure that the money is used to benefit the nation’s people, who are among the poorest in the world.

read more